For many American small businesses, President Donald Trump's expanded trade war may soon cause big problems. His administration is preparing to extend 25% tariffs to practically all Chinese imports not already hit with duties, including toys, sneakers, shirts, alarm clocks, toasters and coffeemakers. That's roughly $300 billion worth of products on top of the $250 billion targeted earlier."The administration's decision to announce a tax on every product coming from China puts America's entire economy at risk," the Retail Industry Leaders Association said in a statement. "Americans' entire shopping cart will get more expensive." The Office of the U.S. Trade Representative on Monday published a list of 3,805 products that could be hit for the first time with 25% tariffs. The list includes things like tuna, pacifiers, saw blades, flashlights, door chimes, billiard balls and golf carts. It excludes pharmaceuticals and rare-earth minerals used in electronics and batteries. In its … [Read more...] about China tariffs a big problem for small businesses in U.S.
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Michael Collins and David Jackson USA TODAY Published 9:55 AM EDT May 13, 2019 WASHINGTON – China said Monday it will slap tariffs on more than 5,000 U.S. products in retaliation for President Donald Trump’s decision to raise duties on Chinese goods amid trade talks between the world’s two largest economies. China’s Ministry of Finance said the new tariffs would impact $60 billion in U.S. imports and would range from 5% to 25%. The tariffs will take effect June 1, which would give the two sides time to resume trade negotiations that broke off last week without reaching a new deal. The tariffs will impact a wide range of U.S. products, including coffee, beef, salmon, flowers and some fruits and vegetables. Stock futures fell dramatically in the minutes after China's announcement. More: How the trade war with China could hit you: Higher prices, lost jobs and falling stocks China acted shortly after Trump warned them not to take any action and … [Read more...] about Tariffs: China slaps duties on $60 billion in U.S. goods
China has announced it is raising tariffs on $60 billion in U.S. goods in retaliation for the latest levies on its exports announced last week by the Trump administration. The Chinese finance ministry said Monday that it, effective June 1, it will impose duties of 5% to 25% on hundreds of U.S. products including batteries, spinach and coffee.That followed Trump's increase Friday of duties on $200 billion of Chinese imports from 10% to 25% in a dispute over Beijing's technology ambitions and trade surplus. According to Morgan Stanley economists, the tariff hike could trim China's annual economic growth by 0.5 percentage points. That impact could grow if uncertainty prompts companies to cut jobs or postpone investment, they said. U.S. stock markets tanked in opening trade Monday, following a downdraft in global financial markets. The Dow dived 511 points, or nearly 2% with the broader S&P 500 and tech-heavy Nasdaq sinking more than 2%.The dispute between the … [Read more...] about China slaps tariffs on $60 billion in U.S. goods
A 16-year-old boy from Guatemala died days after being apprehended in the U.S., officials confirmed Wednesday. They said he developed symptoms of an illness the day after he arrived at a shelter in Texas. On the evening of April 20, the teen was transferred by U.S. Immigration and Customs Enforcement (ICE) to the Southwest Key Casa Padre shelter in Brownsville, which is run by the Office of Refugee Resettlement (ORR)."Upon arrival to the shelter the minor did not note any health concerns," Evelyn Stauffer, a spokesperson for the Administration for Children and Families, which oversees ORR, said in a statement to CBS News. Children placed in ORR custody are typically given an initial medical examination by staff doctors when they first arrive at shelters. "On the morning of April 21, 2019 the minor became noticeably ill including fever, chills and a headache," Stauffer said.The boy was brought to a hospital emergency room that morning and released later that day. When his health … [Read more...] about Unaccompanied 16-year-old migrant boy dies in U.S. custody
NEW HAVEN, Conn. – The Ukrainian American Veterans, working with Ukraine’s Embassy in Washington, helped organize an official U.S. fact-finding visit on February 27 through March 4 for Iryna Friz, Ukraine’s newly minted minister of veterans affairs. As the low-grade war in Ukraine continues with no end in sight, more and more veterans there find themselves in need of medical and support services. Confirmed in November 2018 by Ukraine’s Verkhovna Rada, Minister Friz now faces the daunting challenge of creating a new ministry from scratch and helping those who bravely served Ukraine in its struggle against Russian aggression. Minister Friz was elected to Ukraine’s Parliament in 2014 as a member of the Petro Poroshenko Bloc. She has served as communications director for the Presidential Administration. She has worked on legislation to enhance Ukraine’s special forces operations and to reorient Ukraine onto a path towards NATO. Having engaged in … [Read more...] about UAV and Ukraine’s Embassy in U.S. co-host visit by minister of veterans affairs